Bill > HB273

Introduced Session

AN ACT concerning Real Property - Regulation of Common Ownership Community Managers FOR the purpose of creating the State Board of Common Ownership Community Managers in the Maryland Department of Labor to oversee the licensing of community managers who provide management services for common ownership communities; requiring a common ownership community to register with the Board under certain circumstances; imposing certain duties on a contracting party concerning a fidelity bond or theft insurance under certain circumstances; requiring a contract to provide management services to include certain provisions; making certain provisions of this Act subject to the Maryland Program Evaluation Act; establishing the State Board of Common Ownership Community Managers Fund as a special, nonlapsing fund; requiring that certain interest earnings be credited to the Fund; requiring the Secretary of Labor, in consultation with the Board, to calculate certain costs annually; authorizing the Department of Budget and Management to advance certain funds to the Board and requiring the Board to reimburse certain funds under certain circumstances; and generally relating to the regulation of common ownership community managers. BY renumbering Article - State Government Section 8-403(13) through (64) to be Section 8-403(14) through (65), respectively Annotated Code of Maryland (2021 Replacement Volume and 2023 Supplement) BY adding to Article - Business Occupations and Professions Section 22-101 through 22-802 to be under the new title “Title 22. Common Ownership Community Managers” Annotated Code of Maryland (2018 Replacement Volume and 2023 Supplement) HOUSE BILL 273 BY adding to Article - Business Regulation Section 2-106.15, 2-106.16, and 2-108(a)(34) Annotated Code of Maryland (2015 Replacement Volume and 2023 Supplement) BY adding to Article - Corporations and Associations Section 5-6B-12.1 Annotated Code of Maryland (2014 Replacement Volume and 2023 Supplement) BY adding to Article - Real Property Section 11-130.1 and 11B-115.2 Annotated Code of Maryland (2023 Replacement Volume) BY repealing and reenacting, without amendments, Article - State Finance and Procurement Section 6-226(a)(2)(i) Annotated Code of Maryland (2021 Replacement Volume and 2023 Supplement) BY repealing and reenacting, with amendments, Article - State Finance and Procurement Section 6-226(a)(2)(ii)189. and 190. Annotated Code of Maryland (2021 Replacement Volume and 2023 Supplement) BY adding to Article - State Finance and Procurement Section 6-226(a)(2)(ii)191. Annotated Code of Maryland (2021 Replacement Volume and 2023 Supplement) BY adding to Article - State Government Section 8-403(13) Annotated Code of Maryland (2021 Replacement Volume and 2023 Supplement)

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Marvin Holmes (D)*, 

House Environment and Transportation Hearing (13:30:00 2/6/2024 ) (on 02/06/2024)

Official Document